Currency snapshot (commodity pairs)

Dollar index trading at 89.04 (-0.08%)

Strength meter (today so far) – Aussie -1.16%, Kiwi -1.13%, Loonie -0.90%

Strength meter (since last week) – Aussie -1.97%, Kiwi -0.25%, Loonie -0.67%

AUD/USD –

Trading at 0.794

Trend meter –

• Long term – Range/Buy, Medium term – Buy, Short term – Range/Sell

Support –

• Long term – 0.746, Medium term – 0.765, Short term – 0.785

Resistance –

• Long term – 0.85, Medium term – 0.825, Short term – 0.825

Economic release today –

• Producer price inflation rose 0.6 percent in the fourth quarter, up 1.7 percent from a year ago.

Commentary –

• Aussie is the worst performer of the week on weaker building permits report. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.731

Trend meter –

• Long term – Sell, Medium term – Sell, Short term – Range/Sell

Support –

• Long term – 0.68, Medium term – 0.69, Short term – 0.71

Resistance –

• Long term – 0.76, Medium term – 0.735, Short term – 0.735 (testing)

Economic release today –

• NIL

Commentary –

• Kiwi gave up most of the gains and now down for the week.

 USD/CAD –

Trading at 1.237

Trend meter –

• Long term – sell, Medium term – sell, Short term – Range/Buy

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.22

Resistance –

• Long term – 1.3, Medium term – 1.28, Short term – 1.24

Economic release today –

• NIL

Commentary –

• Loonie is down this week despite a weaker dollar as NAFTA tensions weigh.

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